Denim label Closed has a new investor: Genui partners will provide Closed with growth capital and advisory services in order to continue the internationalization of the brand. In this context, Detlev Meyer, founder of the CBR Fashion Group (Street One, Cecil etc.) and one of the investors behind Genui, will become part of Closed’s advisory board. He joins the already-existing three shareholders (Closed managers Til Nadler, Gordon Giers and Hans Redlefsen) who will retain the majority of the shares.

In the near future, Closed will focus on the further development as a trade partner, the search of additional franchise partners and the harmonization of the omnichannel distribution within its online platform.

Genui is specialized on providing long-term commitments for small and medium-sized businesses in Germany.